ECON101 Midterm Exam Latest Paper

ECON101 Midterm Exam Latest Paper

Description/Paper Instructions

ECON101 Midterm Exam Latest Paper
Question 1 of 20
Economics is the study of:
A. increasing the level of productive resources so there is maximum output in society.
B. increasing the level of productive resources so there is a minimum level of income.
C. how people, institutions, and society make choices under conditions of scarcity.
D. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses.
Question 2 of 20
Which of the following is not a central focus of the “economic perspective”?
A. Scarcity and choice.
B. The scientific method.
C. Purposeful behavior.
D. Marginal analysis.
Question 3 of 20
The satisfaction or pleasure one gets from consuming a good or service is:
A. price.
B. utility.
C. consumption.
D. preferences.
Question 4 of 20
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of:
A. a command system.
B. a market system.
C. communism.
D. socialism.
Question 5 of 20
Which statement best describes a capitalist economy?
A. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government.
B. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets.
C. The production and allocation of goods and services is determined primarily through markets.
D. The production and allocation of goods and services is determined primarily through government.

PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!

Why Work With Us!!

• Tired of getting an average grade in all your school assignments, projects, essays, and homework? Try us today for all your academic schoolwork needs. We are among the most trusted and recognized professional writing services in the market.

• We provide unique, original and plagiarism-free high quality academic, homework, assignments and essay submissions for all our clients. At our company, we capitalize on producing A+ Grades for all our clients and also ensure that you have smooth academic progress in all your school term and semesters.

• High-quality academic submissions, A 100% plagiarism-free submission, Meet even the most urgent deadlines, Provide our services to you at the most competitive rates in the market, Give you free revisions until you meet your desired grades and Provide you with 24/7 customer support service via calls or live chats.